CG12944 - Capital sums from assets: capital sum for forfeiture of rights

There is a deemed disposal where a capital sum is received as compensation in return for

• forfeiting or surrendering rights

or

• refraining from exercising rights.

Examples include

• the release of another person from a contract, such as

or

The 'rights' must be an asset for Capital Gains Tax purposes, see CG12000+.